Enterprise Portfolio Correlations

JAAGX Fund

USD 86.12 0.39 0.45%

The current 90-days correlation between Enterprise Portfolio and Davis Financial Fund is 0.73 (i.e., Poor diversification). The correlation of Enterprise Portfolio is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Enterprise Portfolio Correlation With Market

Poor diversification

The correlation between Enterprise Portfolio Instituti and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enterprise Portfolio Instituti and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Enterprise Portfolio Institutional. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Enterprise Mutual Fund

0.71	JRAAX	Janus Research	Pair Corr
0.68	JRACX	Janus Research	Pair Corr
0.72	JRAIX	Janus Research	Pair Corr
0.72	JRANX	Janus Research	Pair Corr
0.71	JRARX	Janus Henderson Research	Pair Corr
0.71	JRASX	Janus Research	Pair Corr
0.74	JABAX	Janus Balanced	Pair Corr
0.72	JABCX	Janus Balanced	Pair Corr
0.92	JRSAX	Intech Managed Volatility	Pair Corr
0.92	JRSDX	Intech Managed Volatility	Pair Corr
0.91	JRSCX	Intech Managed Volatility	Pair Corr
0.92	JRSIX	Intech Managed Volatility	Pair Corr
0.92	JRSNX	Intech Managed Volatility	Pair Corr
0.92	JRSSX	Intech Managed Volatility	Pair Corr
0.92	JRSTX	Intech Managed Volatility	Pair Corr
0.64	JACNX	Janus Contrarian	Pair Corr
0.74	JADFX	Janus Flexible Bond	Pair Corr
0.61	JADGX	Janus Growth And	Pair Corr
0.85	JABLX	Balanced Portfolio	Pair Corr
0.74	JABNX	Janus Balanced	Pair Corr
0.74	JABRX	Janus Balanced	Pair Corr
0.7	JACAX	Forty Portfolio Inst	Pair Corr
0.77	JAENX	Janus Enterprise	Pair Corr
0.71	JAFIX	Janus Flexible Bond	Pair Corr
0.75	JAFLX	Flexible Bond Portfolio	Pair Corr
0.61	JAGIX	Janus Growth And	Pair Corr
0.72	JAGLX	Janus Global Life	Pair Corr
0.61	JAHYX	Janus High Yield	Pair Corr
0.74	JANBX	Janus Balanced	Pair Corr
0.78	JANEX	Janus Enterprise	Pair Corr
0.74	JANFX	Janus Flexible Bond	Pair Corr
0.65	JANIX	Janus Triton	Pair Corr
0.71	JANRX	Janus Global Select	Pair Corr

Related Correlations Analysis

	DVFYX	FNPIX	MCBXX	IAAEX	FAFSX	RMBLX
DVFYX		0.96	0.0	0.46	0.87	0.72	DVFYX
FNPIX	0.96		0.0	0.36	0.84	0.66	FNPIX
MCBXX	0.0	0.0		0.0	0.0	0.0	MCBXX
IAAEX	0.46	0.36	0.0		0.77	0.87	IAAEX
FAFSX	0.87	0.84	0.0	0.77		0.92	FAFSX
RMBLX	0.72	0.66	0.0	0.87	0.92		RMBLX
	DVFYX	FNPIX	MCBXX	IAAEX	FAFSX	RMBLX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FNPIX	+ 0.96	DVFYX
RMBLX	+ 0.92	FAFSX
FAFSX	+ 0.87	DVFYX
RMBLX	+ 0.87	IAAEX
FAFSX	+ 0.84	FNPIX
FAFSX	+ 0.77	IAAEX

High negative correlations

RMBLX	- 0.0	MCBXX
FAFSX	- 0.0	MCBXX
IAAEX	- 0.0	MCBXX
MCBXX	- 0.0	FNPIX
MCBXX	- 0.0	DVFYX

Risk-Adjusted Indicators

There is a big difference between Enterprise Mutual Fund performing well and Enterprise Portfolio Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Enterprise Portfolio's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DVFYX	0.73	0.00	0.00	1.08	(0.72)	1.26	(1.38)	4.48
FNPIX	1.00	0.00	0.01	1.45	(1.02)	1.90	(2.35)	6.47
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IAAEX	0.67	(0.11)	(0.37)	0.00	0.00	1.20	(1.08)	9.17
FAFSX	0.71	(0.06)	(0.07)	0.00	0.00	1.21	(1.69)	4.80
RMBLX	1.01	(0.10)	(0.10)	0.00	0.00	1.64	(2.07)	6.47

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